According to the price monitoring of SunSirs, the domestic spandex market has dropped significantly this week (November 22-26). The average market price is 77,800 yuan/ton, down 2.51% from the beginning of the week, down 3.47% from the beginning of the month, and up 89.29% year-on-year. %. The start-up of spandex manufacturers has increased to a high of 8.8%, and the market’s spot supply is stable, but the actual transactions are few and the active atmosphere is weak.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The cost center of gravity is weakening, the domestic pure MDI market is steadily declining, and the overall market confidence is insufficient. For downstream small-order purchases, market negotiations are at 21,800-22,500 yuan/ton for wire transfer in barrels. The PTMEG industry started operating at 8.3%, a slight increase. The price of upstream BDO was stable and partially increased. With cost support, the price of 1800 molecular weight mainstream factories was quoted at around 47,000-49,000 yuan/ton.
Changes in equipment of domestic PTMEG manufacturers
Downstream end customers are not very interested in purchasing goods and are purchasing on demand. The overall market trading atmosphere is light. About 50% of the production capacity in the circular knitting machine field has started, and about 60% of the work in the warp knitting field has started. Terminal textile companies mainly consume inventory, and the wait-and-see atmosphere increases. Domestic market orders continue to slow down, new foreign trade orders are not being placed smoothly, factory shipments are slow, and the mentality is becoming cautious.
In terms of the textile industry, according to the SunSirs Textile Index, the textile industry fell slightly in November. As of November 26, the textile index was 1,051 points, down 42 points from 1,093 points at the beginning of the month, and 1,156 points higher than the highest point in the cycle (2018-09- 03) dropped by 9.08% and increased by 54.33% from the lowest point of 681 points on August 13, 2020. (Note: The period refers to 2011-12-01 to the present)
In terms of exports, my country’s textile and apparel exports in October were US$28.94 billion, a year-on-year increase of 16.5%. Among them, textile exports in that month were US$12.5 billion, a year-on-year increase of 7.3%, returning to positive monthly growth for the first time since the second quarter of this year. Clothing exports in October were US$16.44 billion, a year-on-year increase of 24.7%.
The raw material market continues to consolidate, and there may be downward expectations, but there is still support for spandex costs. At present, the follow-up of terminal demand is still cautious and slow, some customers lack confidence in the market outlook, and all parties have insufficient confidence in the market outlook. Therefore, it is expected that the spandex market will continue to fall within a narrow range in the short term.
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